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about completing the requirements. >>> time is 7:11. terrorists in california, what four men who are allegedly connected to al qaeda were accused of planning. >>> also, a landmark auction. how things went during california's first sale of pollution permits as part of the fight against greenhouse gases. >>> cloudy skies, rain, wind, light. the front will be here by this evening department will an gray, windy day with rain developing. some of that will be heavy by tonight. >>> four southern california men have been charged with plotting to kill americans and destroy u.s. targets overseas. the fbi says the men planned on carrying out their attacks by joining al qaeda and the taliban. one of the men served in the u.s. air force. they were arrested for plotting to bomb u.s. military bases and government facilities. the fbi says the men had planned to depart this month to carry out plots in afghanistan. >>> 7:14. the united states now expanding its involvement in the middle east crisis. as ktvu's alison burns reports from our washington, d.c. newsroom, secretary of state, hillary clint
jobs. a blue state, california, a lot of federal jobs. california is a state with high unemployment rate, over 10%. you can see there, virginia as well. texas with a lower rate. anyway, what this would be would be a federal spending hit on top of what's already going on in those counties and in those states, bill. what you hear from the pew center is that these states right now are not in very good shape right now to take additional federal cuts, given what's going on with their economics right now, bill. >> steve, do i understand when i look at california and texas in the red there, and i look at the numbers -- >> and virginia. >> and virginia. 10% to 13% of the work force is federal? >> of all federal jobs, yes. >> 10% of all federal jobs are in california but not all 10% of jobs in california -- >> no, all jobs in california are material jobs. >> 10% of jobs in california are federal. >> holy smokes! >> that's a big number. that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead
, jane wells at a best buy in canoga park, california. what's the traffic look like this? >> that's right, bill, i sure am. it opened at midnight. a bit of at lovell, bum then at 10:00 a.m. it really started to pop. i've got speaking with aroundists, retailer, whether it's mavs. pretty good. make not agrees the overial sales are expected. and some early aggravations, most have appeared to have pushed those frustration aside. the majority of people who got here were the full-time employees. but a very good response. >> they were planned leading up to -- but walmart ceo says that actually only 26 protests occurred. many didn't even include walmart employees. and in fact he set -- they missed that scheduled shift. matt values thinks that macy's is the clear winner. i have to say i've seen an automatic lot of macy's backs myself. i'm happy that the leap pad 2 is very hard to find the. >> they won't get any more in? >> they will, but probably not day is the probably. so the inventory they probably out. >> courtney reagan, thank. >>> hoping that holiday sales -- as we manipulationed jane wells
and barack obama according to the polls is going to win california and as he should. there are a lot of supporters. he's a great individual, but i think at the margin when people are focused on small business and growth and opportunities for small business entrepreneurs and reducing regulation i think people do think about different options. >> do you worry about regulation in the tech sector? one of its last industries that probably doesn't have nearly the same regulation as many of the other industries. >> as i sit here today, i don't worry about it, but one of the things i worry about is, one of the areas of investment we're excited about spending more time on is what i call the asset light generation and if you look at the fact that you can walk out your apartment door in the morning, with your smartphone and your tablet, and you've got, in effect have cash on your phone, your media library on the phone, you can get news and information, a taxi, all sorts of things, a hotel room, i think one of the things i worry about is the regulation of some of these companies that are putting
they will debate raising student fees again. this meeting comes a week after california voters approve proposition 30. alex sav edge joining us live -- alex savidge joining us live from hayward to tell us which students are being targeted. >> reporter: good morning. many cal state students i talked with are frustrated by a fee proposal, especially a week after prop 30 passed. governor jerry brown scheduled to attend the csu board of trustees meeting that will happen later on today. they will likely be protests -- there are likely be protests. the frustration, fees. if student have more than certain number of students, they could face fees for repeating courses. the plan is to free up space to admit more than 16,000 knew students. one student i talked to said these fees could hurt. >> i could say the fees are definitely unfair. it's hard to sometimes be able to pay these fees and it gives us choices like what are we gonna do if we don't have the money? well, , if have the money, then we just -- if we don't have the money, then we just quit. it puts us in a position and it's not fair to us. >> repor
. california's voter apressured ban on gay marriage. now, if the high court refusing to -- refuses to hear the case, the earlier ruling would make same-sex marriage legal in california. if that happens, they would need at least 24 hours to prepare for a flood of marriage license requests. >>> andre ward will defend his titles in two months. the super middleweight champ will fight his opponent in los angeles on january 27th. he defeated dawson in the oracle arena in september. he's undefeated since winning gold at the 2004 summer olympics. >>> oakland as players are donating some of their playoff money to charity. they have decided to give away one share worth more than $34,000. their donation will be split between several charities, including big brothers and big sisters and the united way of the bay area. >> how about that? >> 7:18. grab an umbrella, we're getting some wild weather. our storm coverage continues. the first of a series of storms bearing down on the bay area. meteorologist steve paulson, is tracking on the -- is tracking the storm on radar, he will pinpoint where and when it
in that libyan attack has been laid to rest in northern california. a wreath of roses and an american flag are some of the items on chris steven' grave. according to the paper stevens was buried there on friday. he was 52 years old and grew up in piedmont. >>> there is a new study on breast cancer that finds parts of the bay area have much higher rates of invasive breast cancer compared to the rest of california. those areas include the western half of contra costa county. the northern most part of alameda county, an area that runs through alameda, santa clara and san mateo reports. san mateo news reports breast cancer rates in those areas were 10% to 20% higher than the state average from the years 2000 and 2008. breast cancer rates have been a major concern in marin county. >>> well, an iraq war veteran who said he was beaten by police during an occupy protest and needed surgery for a lacerated spleen is suing the alameda county sheriff's office. he claims the alameda county sheriff's office made his injuries worse by denying him medical care after he was arrested and jailed last novembe
for the missing drugs. a spokeswoman for the california department of corrections confirmed the investigation. she says the department is taking "appropriate action." >>> 7:20. because it's a holiday week, people want to know about the weather. >> yes. >> it's very important. more rain is coming. look outside our window now. steve says he will tell you when to expect to see more rain and if it will affect thanksgiving. >>> hostess is looking to liquid date but the reason you may still be able to get some of those -- liquidate, but the reason you may still be able to get some of those cupcakes. >>> and we'll have the morning commute for you coming up. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0
, ross. >>> coming up, we've got a live report coming from best buy in california. the struggling electronics chain posting a significant decline in the third quarter. but there is good news. they have lines of people coming camping out at some locations since sunday. jane wells has been up all night hanging on out with some shoppers. i know this isn't too early for you. you're always up at this hour. >> no, i actually, you know, this is about the time i start wrapping it up for the day. i'm with noah and sabastian. what did you get? >> speed for speed most wanted. >> i got gummy bears and the and i would exact thing he did. >> you were here at 3:17 to buy video games and gummy bears. >> got to fulfill our need for speed. >> well, fortunately other people are spending a few more bucks. nobody needs black friday more than best buy to go well. we'll have part of their turnaround strategy when we come back. let's have some gummy bears. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (t
employment. so does california. is it because of sometimes it's military? it's just that they're big states and there happen to be a lot of federal jobs there. also virginia, sort of a purple state. florida comes in relatively high. so michelle, what we have here is a situation where the sequestration was designed to create a lot of political pain across the country but it is going to be unevenly spread out. for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on the fiscal cliff. precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to h
vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here at the new york stock exchange, constantine mikalo
quarter sales. let's go to jane at a best buy in california with a look at black friday traffic there. how is it shaping up? >> i cracked the code. don't come here at midnight. come here at 6:00 a.m. cindy, when did you first get here? >> midnight. >> what did you do? >> leave. >> why. >> because the lines were crazy. i saw your news truck and there was no way i was going to get in and get what i wanted. >> people were waiting two hours in line. sometimes more. how long did you wait in line? >> not at all. >> there's only 20 people. >> nothing. >> but what i wanted is gone. >> there you have it. thank you very much. if you look, it's not that busy right now. earlier it was crazy. estimated 1,000 people outside. and as best buy really struggles, management is trying to impress and inspire employees to make it worth it for customers to come in here especially those who have been camped out for days. >> we're excited to be here. this is our super bowl. >> this black friday will be a test of the renew blue strategy that best buy has. management is trying to remedy a reputation for poor custome
said if the stock ever pulls back i would like to take a closer look. went out, saw them in california. not impressive. not on the outside. just a regular la facade. on the inside what they sell is impressive because this company has been absolutely amazing. >> what do they sell? >> like discount stuff, mostly for women's clothing is the number one item. what i like and i think makes a difference for them, 26% of their stuff comes from bed, bath & beyond type stuff. the stock is pulling back. the for the reason same store trends. up 5%. october, 4%. but kind of drifting. this is company in only 33 states. they control this cheap off the rack kind of niche. they control it. they have got a lot of room for growth. the stock recently pulled back. i think the pullback is probably excellent place to buy the stock. they just hiked dividend to 14 cents from 11 cents. i think that is always a vote of confidence for these guys. it has been in a freefall. on the cusp with firming up. longer term target would be 65 on this. tracy: cheap is kind of the new black. with holidays coming could be a pl
can crack that up to be decent news and upbeat news from california, it will have a $1.9 billion budget gap during its next fiscal year, that's far smaller, here is the good part, far smaller than it's seen in prior years and holds out the possibility that california may actually see surpluses within a few years thanks to spending cuts and tax hikes. those folks have their fingered crossed. >>> hamas rockets killed three in israel as they threaten a wider offensive. martin fletcher is in tel aviv and has more. >> reporter: israel and the palestinians in gaza are on the major edge of a confrontation, neither side really wants but seems to be what happens. israeli rocket attacks against gaza targeting the militant leaders of hamas are continuing and continuing to attack rocket stockpiles from gaza. israel's goal is to prevent hamas from attacking israeli citizens with rockets. there have been 850 akz ta, 100 in the last week alone. that's what israel wants to stop. at the same time hamas has been retilliating today at least 130 rockets fired from gaza into israeli cities. about 50
. for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >>> israel is ready for a ground invasion but the country prefers a diplomatic solution. oil is moving higher this morning. joining us live from gaza now is ayman. >> good afternoon. the sun is setting and they have been for every night over the past six 9nights palestinians brace themselves for a violent night. it's during the coming hours that there's an intensification of israeli targets throughout the gaza strip. yesterday on sunday there was an incident that many describe here as a massacre. one that targeted the home of a senior member of hamas' military according to the israelis but inside that residential house were families. 12 p
ballot initiatives. >> in california alone a handful of donors have spenlt more than $350 million on stat ballot initiative. much of the money comes from a single family, the monger's. daughter molly monger has spend more than $40 million. her more conservative brother has spent $36 million on a measure to make it harder for unions to raise political money. the hedgefund chief spent more than $25 million to close a tax loop hole for out of state companies. many say they are just using their money for broader public good. at least one ballot backer has his own fortunes in mind. he spent more than $30 million to oppose a new bridge. turns out he has his own toll bridge that collects tens of millions of dollars a year. we will see whether all of this ballot money was a waste or not. we will know tonight or tomorrow morning. >> these numbers are mind boggling. thank you so much. for investors how are they positioning themselves for an obama or romney victory? we will break it down now. guys, thanks for joining us. jeff, what will you do tomorrow if mitt romney wins? >> like many of us i'm wat
a million dollars of gold and gems from a state museum. the california mining and minerals museum in marry po ta was robbed back in september. the robbers were dressed up like ninjas and they had pickaxes. we don't know if any of the gold has been recovered. >>> let's check in with sal now. that's very slow. still, save -- still, save, recovering, after some much earlier problems. we showed you highway 4 last time, it's getting better in parts of bay point. if you are driving in san jose, northbound 280 which is on the right, that looks pretty good. southbound on the left. that's southbound 280. >>> now, let's go to steve. >>> a lot of high clouds have been dreaming in. it will be a. , pek day. a lot of these clouds just the leading edge of what will be a change. still a very mild today today. temperatures will be warming up. 68 yesterday in napa. we'll go 71. 71 oakland. we'll go 74, 75 gillry. 40s, 50, 56. it's really mild on the coast a lot of these higher clouds will continue to stream in. higher clouds, east wind means temperatures that's an offshore breeze. that will turn around tomo
, they are dramatically underfunded. the tristate pension plan is funded at about 65%. the northern california one at about 55%. these walmart employees would be f paying for the pensions of retired employees of other companies and it would be very difficult for them to fwget the benefits out. there's a reason walmart employees don't want to join unions and should remain nonunionized. >> richard, you disagree. you say this is a strike protected under unfair labor practices. >> that's not just bad advice, that's un-american. americans have the right to strike for certain purposes without being fired. that is something we all ought to worry about. more importantly, these are folks who work full-time and make about $15,500. what is good for walmart, what is good for the economy, what's good for job creation is having people paid enough to buy the products that they sell. henry ford, that great socialist, understood that if you underpaid retail workers, auto workers, people like that, the economy would collapse. what these workers are saying is that walmart is mistreating them. they have a right to sa
jumped in. thanks, guys. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap just shy of $4 billion. reatlix under $1 billion. still, a significant sides. it would be for ncr. we have to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for busines
business interview from mountain view california. you did a study and you have pinpointed the exact time that you believe people finish their dinner and are ready to shop on the mobile devices. first of all, steve, what time is that? >> well, it's probably going to be about the time you are having pie, so we call it post-pie shopping. liz: okay. is there a point on the clock? >> well, you know, it's roughly 5:00 p.m. we see a big burst in all the shopping income the evening hours and this holiday when everyone is together, we think they are going to be inspiration and they are going to be about awareness about gifts they need to get for the family, so it is a perfect time to actually act on that inspiration. it is in the palm of your hand. liz: so the pie goes in the mouth, that's it. and actually ebay is saying 5:23 p.m. east and west coast time, boom, people will start shopping and that's when you will release a whole bunch of deals, am i correct, on ebay? what kind of deals will people see? >> that's right. we're going after the things the matter most in holidays. toys are on everybod
in this category. i pick a flight needing the wifi if i have to get to california it's an issue. >> we waited until we could get big pipe satellite based broadband. it's not your grandfather's wifi, it will be the real thing. >> stream video? >> we'll have on board streaming video. >> people on kayak looking for cheap flights from somewhere else? >> on kayak -- >> you don't have wifi? i don't know, i'm not allowed to turn on my things once i'm flying. >> yes, you are. >> above 10,000 feet. >> i know we have to go. can you explain this, why can't you use your phone on the ground? >> because there's an faa rule against it. >> does that rule make sense to you really? >> doesn't make a lot of sense to me, no. >> anything else? >> no more free peanuts. >> this poor guy walked in and had to deal with all of our complaints. >> i'll get you all the peanuts you want. >> i like paying for the -- i can finally get something i want. >> i like that, too, i don't mind that at all, it's something i want to pick up versus something else. >> is that really chicken? that's what i want to know. i saw one with three l
. john burns, ceo of john burns real estate consulting in irvine, california. john, you heard what peter said the we'll not know until february if this is needed. what does that mean for homeowners in the interim? >> well, actually, he also said we've been reporting on this since 2009. so we have been knowing this is coming for a long time. all the losses actually relate to all the insurance from 2006 to 2009. tracy: right. >> from 2010 on they have been making money and i think the real risk to homebuyers, overreacts and calls it a bailout and stop fha doing what they're doing? they're only high loan-to-value program out there and they're making money. if we stop that, this fragile recovery which you called earlier will no longer be recovery. tracy: that is the thing. they could increase insurance premiums which peter reported they have been doing. the loans they're making now are much better loans than making 2007 and 2008. so the portfolio going forward is okay. do we have to worry about all the loans they're holding at least 90 days delinquent? >> all the loans are priced into this.
, it will stay about where we are right now. we will have higher numbers, not as hot as california, but a little bit of the disadvantaged region. connell: $3.51 is your price nationally for a gallon of gasoline. purely, in terms of gas prices, how impactful has this storm. >> i would say it is, again, most of the impact will be on demand. if we give it a couple weeks and we will go through some real logistical problems in the tri-state area of new york, new jersey and connecticut, i think we will be fine. i want to mention something about crude oil prices, it is something like calling the price of wine based on a grape. we are seeing north dakota crude trading at about $60 a barrel. connell: what happens after all of this? does it shoot back up? what happened after all of this? >> we should go lower. one thing you can count on is the middle of november to the middle of january, you do not give much of a move. you bottom out. at the end of the first quarter 2013, we go the other way. there will be petra inouye where people do not think we have enough supply. we should be able to make do. connell:
for california man with plotting to kill americans overseas by joining al qaeda and the taliban in afghanistan. the fbi claiming that the failed terrorist were going to bomb government facilities and public places. one of them served in the air force. warren goodman has died. the two-term republican from the granite state served from 1980 to 1993. he is perhaps best known for the balance budget plan passed in the 1980s. he was 82 years old. let's get you back now to dagen. dagen: we have breaking news to break to you on elmo. sesame workshop saying that the elbow actor has resigned calling this ongoing of sex allegations problem a distraction. kevin clash has resigned. allegations that he had sex with a minor. the man recanted his story and then reversed that recantation in recent days. kevin clash. resigned. he is the man behind elmo. connell: let's go to some other headlines now. back to the retail world. 97% of retailers with an online presence planning special promotions for the thanksgiving weekend. that has gone up. cyber monday also a big deal. 72 million people expected to shop online
getting a boost from china chinese buyers are grabbing holmes a california and nevada by foreclosed homes but some are luxury residences. chinese buyers accounted for 74 billion the sheer the second largest foreign buyer of loathsome the country. the mexico plan from the peanut butter recall has been shut down. the breeding ground from seven outbreak the fda noted there was a history of violations that led to the decision and" end quote. vacation index brings good news. prices are up 1.1%. there of 20% from one year-ago. las vegas is up but they're still below the 2000 levels. he would be fired with any other line of business. why is two 1/2 minstar still on the show why he called it fills? dennis: the winners and losers and how you can profit. >> we have some names moving on the nasdaq. [ male announcer ] you are a business pro. governor of getting it done. you know h to dance... with a deadline. and from national. because only national lets you choose any c in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ mal
it is here and if you're watching us in california, the midwest, you probably don't get it. i think when you think about it, this may in fact if he goes ahead with this, be the biggest disaster of his entire 12 years. >> you're talking about draining the city of resources that could be used elsewhere. explain the soul train screen behind you at your desk. >> that was the passing of don cornielias, somebody helped me put that up there and it's still up there. >> a nice tribute to an amazing man. that means we're going to watch you dance in the future. let's get a quick flash from bertha coombs. >> conway, the truck leasing company says it's too early to tell, but pre sandy on monday and tuesday, their volumes were down significantly and that is going to have an impact. 9 to 10% compared to same days in october last year. they're not sure how much they might see a pick-up following sandy as we see things start to pick-up and extra supplies start to come in. a lot of companies trying to sort that out. >> yes, gm saying they're still trying to quantify how sandy may have affected the month. rick
, california, last night since the resignation of windows guru. when asked about it he said sinofsky made one of the most amazing contributions anyone's made to any company. when discussing sales. surface tablet, vollmer said many people are having their
as far west as fresno, california, will be sending in another 400 people later today. we would anticipate probably having upwards of 3,000 people on the ground within the next four to five days. >> you've been doing this for a while. you were with the company since '84. i can't imagine the number of disasters you have helped coordinate the recovery for. seeing anything like this in your time? the confluence of population density, power, the snow? i mean we're talking a very large part of the country. >> this is a very extraordinary situation. the density that we're facing and the enormity of this storm and the geographic area it's covered, new jersey, new york, upward through canada. our canadian offices are also mobilized and working on losses. this is something out of the worried. we are encouraged though that every hour of every day we are seeing small signs of progress. and as has been report you see great acts of heroism being performed by people each and every step of the way. we've seen not only belfor people providing great services, but acts of kindness out to knows who need it s
companies. i see so many small businesses, i was out in california yesterday, i must have met in four days with eight of our companies, and i asked every one of them, what impact does this have? what difference is it going to make whether romney wins or obama? i honestly believe it's almost a neutral element in terms of the young companies. when they are growing and they are excited and their product is being taken up, and most of them that i'm dealing with are internet or wireless based, it's an environment you don't stop hiring. in fact they have big open to buys. >> so what does affect those companies? what are they looking at beyond their own home base? >> i think the general environment will have an impact. i think that the tone of the top will have an impact. i think my personal feeling, the biggest impact for the kind of companies i'm in are what happens for advertising expenditures. i think advertising and advertising -- >> you talked about immigration policy as well. >> sorry, thank you, thank you. immigration policy is getting the kind of people, everyone is frustrated with the i
to set up offices in chicago, first of all, or california, and i don't know who are the people who are going to staff and man those offices to actually trade on behalf of somebody, it's not clear to me how this works. it may very well be that when you have a massive superstorm the size of sandy that knocks out an entire coast or region that it's almost impossible to have true contingency planning. >> two things. good point. first of all, you do need to have some senior people who aren't necessarily located in the proximity of devastation. yes, you do need some senior people but in this circumstance, this is one of the things we learned, andrew, is that since they weren't sure the large traders weren't sure about whether or not they could enter the orders into the new york stock exchange, they actually sent people to archipelago to try to work on the computers, in the middle of this storm, so just a really sort of a cluster and hopefully we can do better in the future. >> what happened to your own next -- isn't this a transatlantic company that has platforms on both sides of the oce
, california, places where some of them high unemployment rates, you're talking about reducing federal spending in places with high unemployment rates and this handy bar charts shows the split between defense spending in blue and nondefense in green. maryland, virginia, the washington, d.c., area, the highest federal pending, hawaii a lot of defend spending, same with alaska. more non-defense in new mexico down to georgia, 6.9% so these are the ways it's going to affect by state. we can even drill down further and look county by county, and what you see here for example if you drilled down here in louisiana there's one county in here where there's a federal penitentia penitentiary, because these are federal jobs as a percent of the total. you can see places along the texas coast, the bottom line on all of this is that we talk about reducing the ifisical cliff and solving the problem on a national level, but there are individual states that are going to be hit harder and there are blue states and states that come in so it's not easily democratic or republican solution, becky, when we look at it
, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and h
but very refined car as well. >> you introduce it here in l.a. a, southern california. a huge market. people are going to say how much does it cost? $130,000 for this vehicle? >> starting at $83,500. this one is $130,000, yes. i have to say people will clamor for the car. >> this brings up the question. the average land rover customer, household income of $515,000, $130,000 vehicle. this brings up the question with all the talk about potentially raising taxes on the wealthy here in the united states, would that hurt your business? would you sell fewer range rovers if the tax rate went up for those making more than $250,000? >> i think at the moment we see no sign of that quite frankly. a deal has to be done. our customers buy smartly, and when they look at vehicles like this, which is new on the block, they're going to go for this particular car. they might compromise on other things and not on new range rovers. we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the
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